Grupo Aeromexico (NYSE:AERO) Given Consensus Rating of “Moderate Buy” by Brokerages

Grupo Aeromexico (NYSE:AERO) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $30.8333.

Several analysts have recently commented on AERO shares. Wall Street Zen raised shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Evercore began coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They issued an “outperform” rating and a $36.00 target price on the stock. Zacks Research upgraded Grupo Aeromexico to a “hold” rating in a report on Thursday, December 18th. The Goldman Sachs Group initiated coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They set a “buy” rating and a $35.00 price objective for the company. Finally, Itau BBA Securities initiated coverage on shares of Grupo Aeromexico in a research report on Sunday, November 30th. They issued an “outperform” rating on the stock.

Grupo Aeromexico Trading Down 4.5%

Shares of AERO stock opened at $18.99 on Monday. The stock’s 50-day moving average price is $20.39. Grupo Aeromexico has a 12 month low of $16.00 and a 12 month high of $23.05.

Hedge Funds Weigh In On Grupo Aeromexico

A number of hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. acquired a new stake in Grupo Aeromexico in the 4th quarter valued at approximately $220,000. Sandia Investment Management LP purchased a new position in shares of Grupo Aeromexico during the fourth quarter worth $220,000. Quarry LP acquired a new stake in shares of Grupo Aeromexico in the fourth quarter valued at $232,000. VR Advisory Services Ltd purchased a new stake in shares of Grupo Aeromexico in the 4th quarter valued at $259,000. Finally, HRT Financial LP purchased a new stake in shares of Grupo Aeromexico in the 4th quarter valued at $295,000.

Grupo Aeromexico Company Profile

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.